Binance Hires Richard Teng To Expand Operations In Singapore

Binance Hires Richard Teng To Expand Operations In Singapore

Binance has hired Richard Teng to become their CEO in Singapore to cross the regulatory curve. This has been a hurdle for the exchange in the present weeks. Binance is a cryptocurrency exchange that provides an online platform for trading various cryptocurrencies. It was founded in 2017, domiciled in the Cayman Islands, and provides a […]


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Binance Singapore arm acquires 18% stake in private stock exchange

Binance's most recent acquisition is still subject to some regulatory requirements. Binance Asia Services, the Singapore arm of major cryptocurrency exchange Binance, has acquired a stake in a local private securities exchange, Hg Exchange (HGX).On Dec. 7, the company officially announced an acquisition of a post-money 18% stake in HGX, a stock exchange licensed and regulated by the Monetary Authority of Singapore.Binance Singapore CEO Richard Teng said that the new investment will help Binance and HGX further expand the scale of products and services “supported by blockchain technology”....

Binance CEO Vows Cooperation With Nigerian Authorities In $35M Money Launderi...

In a recent development, Richard Teng, the CEO of Binance, has confirmed the company’s close cooperation with Nigerian authorities following the detention of its head of financial crime compliance, Tigran Gambaryan. Gambaryan and another Binance official are facing accusations of laundering over $35 million.  According to a Reuters report, the Nigerian court has adjourned the […]

Crypto Exchange Binance Ends Some Services in Singapore to Comply With Regula...

Binance is terminating some services in Singapore, including fiat deposit services and spot trading of cryptocurrencies, to comply with the country’s regulations. The exchange has already ceased trading in Singapore dollars. Binance Scaling Down Services in Singapore Cryptocurrency exchange Binance announced Monday some changes to its offerings in Singapore. The company wrote:  With effect from 2021-10-26 04:00 AM UTC (12:00 PM UTC+8), users in Singapore will not be able to access certain functions on Binance.com including fiat deposit services, spot trading of....

Binance Hires Former IRS Investigator, Greg Monahan, Amid Regulation Woes

Binance is currently the largest exchange in the world in terms of the daily trading volume. It is incorporated in the Cayman Islands and has an office in Singapore. It, however, claims not to have a corporate headquarters. Recently, the company has faced regulatory issues in several countries, including the U.S., Hong Kong, and Malaysia. […]

Crypto Exchange Binance Ceases Trading in Singapore Dollars to Comply With Re...

Cryptocurrency exchange Binance has announced that it will cease offering trading pairs and payment options in Singapore dollars to remain compliant with the country’s regulators. The announcement followed a notice issued by the Monetary Authority of Singapore (MAS) stating that Binance “may be in breach of the Payment Services Act.” Binance Complying With Singapore’s Regulations Crypto exchange Binance announced Sunday changes to its services in Singapore. The company wrote that “to remain compliant with local regulators,” it will cease....